·Dora Noda·11 min
Zero Volume, $2.5B FDV: Inside Stable L1's Stablecoin Chain Paradox
Stable L1 trades at a $2.68B fully diluted valuation despite recording exactly zero DEX volume — a pricing puzzle that exposes how crypto values purpose-built stablecoin infrastructure before usage arrives.
stablecoins
Tether
Plasma
infrastructure
+1·Dora Noda·9 min
PayFi's Quiet Revolution: How Clearpool cpUSD and On-Chain Credit Are Capturing the Trillion-Dollar Fintech Working Capital Gap
Clearpool cpUSD, Huma Finance, and Maple Finance are leading a PayFi revolution — on-chain credit protocols capturing the 1-2% fintech working capital margin from the $320 trillion cross-border payments market.
DeFi
stablecoins
fintech
cross-border payments
+6·Dora Noda·11 min
Plasma Blockchain: Tether's $2 Billion Vertical Integration Gambit
Plasma, Tether's ambitious Layer 1 blockchain, aims to reclaim transaction value from competitors like Tron. Despite a strong launch, Plasma faces challenges with declining TVL and XPL token value. Can it convert yield farmers into genuine users before its growth model falters?
blockchain
Tether
Plasma
stablecoins
+1